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2602 Willa Dr, Saint Joseph, MI 49085

3 beds • 2 baths • 1368 sqft

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This property looks like a bad Airbnb investment with a projected -14.54% first-year return on $71,886 initial cash invested.

-14.54%

Cash On Cash

2.14%

Cap Rate

0.36

DSCR

$1,473

Rent

-$871

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,473 income − $2,344 expenses = $871 out of pocket

Income$1,473Out of Pocket$871Mortgage P&I$1,27086%Property Taxes$27419%Insurance$936%Management$22115%CapEx$594%Maintenance$594%Other$36825%

Investment Breakdown

|

Purchase Price

$257k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,886

Downpayment

20%

$51,320

Closing costs

1%

$2,566

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$1,473

Total Expenses

$2,344

Mortgage P&I

86%

$1,270

Property Taxes

19%

$274

Home Insurance

6%

$93

HOA

0%

$0

Property Management

15%

$221

CapEx

4%

$59

Vacancy

0%

$0

Maintenance

4%

$59

Other

25%

$368

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